Nomad Foods' Q3 Adjusted Earnings, Revenue Rise; 2024 Guidance Lowered

MT Newswires Live11-14

Nomad Foods (NOMD) reported Q3 adjusted earnings Thursday of 0.55 euros ($0.58) per diluted share, up from 0.43 euros a year earlier.

Analysts polled by Capital IQ expected 0.51 euros.

Revenue for the quarter ended Sept. 30 was 769.6 million euros, compared with 763.5 million euros a year earlier.

Analysts surveyed by Capital IQ expected 782.1 million euros.

The company said it now expects 2024 adjusted earnings per diluted share of 1.72 euros to 1.77 euros, compared with 1.75 euros to 1.80 euros anticipated previously.

Analysts surveyed by Capital IQ expect 1.76 euros.

Nomad Foods also lowered its organic revenue growth outlook for the year to 1% to 2% versus its prior 3%-to-4% growth forecast.

Analysts polled by Capital IQ expect revenue of 3.12 billion euros.

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